1099KStateMap

1099-K threshold in Virginia(TY2026)

Non-conforming · state-specific thresholdVerified May 12, 2026

1099KStateMap provides informational summaries of state-by-state 1099-K threshold rules. This is not tax advice. Thresholds change frequently; always verify directly with your state's department of revenue or consult a licensed tax professional before filing.

Your activity (TY2026)

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Federal threshold (TY2026)

IRS
$20,000and 200 transactions

Federal rollback effective TY2026 per the One, Big, Beautiful Bill (P.L. 119-21, signed July 4, 2025). Pre-ARPA $20,000 + 200-transaction TPSO de minimis rule reinstated. Verbatim source: IRS News Release IR-2025-107 (Oct 23, 2025). Statutory basis: 26 U.S.C. §6050W(e). Note: Pub 5717 is the IRIS Taxpayer Portal User Guide, not the threshold source; that error in earlier scoping has been corrected here.

26 U.S.C. §6050W(e); IRS News Release IR-2025-107 (Oct 23, 2025)irs.gov · verified May 12, 2026

Virginia threshold

Non-conforming
$600no transaction floor

Va. Code §58.1-356 requires third-party settlement organizations to report reportable payment transactions; for the purposes of this requirement, the de minimis limitations of §6041(a) of the Internal Revenue Code shall apply in lieu of the de minimis limitations of §6050W(e). IRC §6041(a) carries a $600 de minimis. Effective for reportable payment transactions made on or after January 1, 2020. Detailed guidance: Virginia Tax Bulletin 20-10 (https://www.tax.virginia.gov/laws-rules-decisions/tax-bulletins/20-10). Verbatim threshold language extracted via WebFetch on law.lis.virginia.gov 2026-05-12.

Va. Code §58.1-356 (applies §6041(a) IRC de minimis — $600 — in lieu of §6050W(e)); Virginia Tax Bulletin 20-10law.lis.virginia.gov · verified May 12, 2026

Will you receive a 1099-K?

Enter your numbers

Enter your TY2026 gross payments and transaction count above to see whether a 1099-K applies to you.

Federal
$20,000
VA
$600
Tx floor
200

What to do next

  • Enter your gross payments and transaction count above to see whether you should expect a 1099-K.
  • Read the Virginia state row below for the state-specific threshold (if different from federal).
  • This page is informational, not tax advice. Verify directly with your state DOR or a licensed tax professional before filing.

Other states with state-specific thresholds

District of Columbia

$600

Illinois

$1,000

Maryland

$600

Massachusetts

$600

CPA / EA Reviewer

Editorial review of state 1099-K threshold claims is provided by a licensed Certified Public Accountant or Enrolled Agent with multi-state experience.

[PLACEHOLDER: Reviewer Name + Credential (CPA license # / EA #) + State + LinkedIn + last-verified YYYY-MM-DD]

How we verify

Every state row in our decoder cites the state Department of Revenue or state-statute primary source. Where verification is pending, the row is flagged as unverified rather than guessed at. Full methodology and refresh cadence on the methodology page.

Informational, not tax advice

1099KStateMap provides summaries of state-by-state 1099-K reporting thresholds, drawn from IRS publications and state Department of Revenue primary sources. Thresholds change frequently. Always verify directly with your state's DOR or consult a licensed tax professional before filing.